Transcendent Capital Group LLC Buys Shares of 65,148 iShares Bitcoin Trust (NASDAQ:IBIT)

Transcendent Capital Group LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 65,148 shares of the company’s stock, valued at approximately $3,456,000. iShares Bitcoin Trust comprises about 1.8% of Transcendent Capital Group LLC’s holdings, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the business. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $802,000. Edge Capital Group LLC boosted its position in iShares Bitcoin Trust by 34.3% during the 4th quarter. Edge Capital Group LLC now owns 77,251 shares of the company’s stock valued at $4,098,000 after purchasing an additional 19,745 shares during the period. Rothschild Investment LLC grew its stake in iShares Bitcoin Trust by 5.6% during the 4th quarter. Rothschild Investment LLC now owns 43,282 shares of the company’s stock worth $2,296,000 after buying an additional 2,307 shares during the last quarter. IFP Advisors Inc increased its position in iShares Bitcoin Trust by 224.1% in the fourth quarter. IFP Advisors Inc now owns 12,318 shares of the company’s stock worth $653,000 after buying an additional 8,517 shares during the period. Finally, WealthShield Partners LLC lifted its stake in iShares Bitcoin Trust by 85.3% in the fourth quarter. WealthShield Partners LLC now owns 25,805 shares of the company’s stock valued at $1,369,000 after buying an additional 11,879 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $53.41 on Tuesday. The firm has a fifty day moving average of $56.07 and a 200-day moving average of $46.27. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

iShares Bitcoin Trust Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.